Tetra Technologies, Inc. $TTI Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Tetra Technologies by 7.2%, owning 923,424 shares worth approximately $3.10 million as of the latest filing.
• Tetra Technologies' stock price increased by 4.8%, with current trading at $4.4550 and a market cap of about $593.76 million.
• Analysts have a consensus rating of "Buy" for Tetra Technologies, with an average target price of $5.75, reflecting a positive outlook on the company's performance.

Russell Investments Group Ltd. lifted its holdings in shares of Tetra Technologies, Inc. (NYSE:TTI - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 923,424 shares of the oil and gas company's stock after acquiring an additional 62,396 shares during the quarter. Russell Investments Group Ltd. owned 0.69% of Tetra Technologies worth $3,103,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TTI. Wells Fargo & Company MN increased its position in shares of Tetra Technologies by 17.1% during the fourth quarter. Wells Fargo & Company MN now owns 133,664 shares of the oil and gas company's stock worth $479,000 after acquiring an additional 19,528 shares during the last quarter. Invesco Ltd. increased its holdings in Tetra Technologies by 7.0% in the fourth quarter. Invesco Ltd. now owns 629,273 shares of the oil and gas company's stock valued at $2,253,000 after buying an additional 41,276 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Tetra Technologies in the fourth quarter valued at about $521,000. Barclays PLC increased its holdings in Tetra Technologies by 8.4% in the fourth quarter. Barclays PLC now owns 227,562 shares of the oil and gas company's stock valued at $814,000 after buying an additional 17,689 shares during the last quarter. Finally, Mariner LLC increased its holdings in Tetra Technologies by 160.0% in the fourth quarter. Mariner LLC now owns 163,470 shares of the oil and gas company's stock valued at $585,000 after buying an additional 100,596 shares during the last quarter. 70.19% of the stock is owned by hedge funds and other institutional investors.

Tetra Technologies Stock Performance

TTI stock traded up $0.24 during midday trading on Thursday, reaching $4.75. The company had a trading volume of 1,978,929 shares, compared to its average volume of 1,482,321. The company has a quick ratio of 1.61, a current ratio of 2.47 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $3.74 and a 200 day moving average price of $3.37. Tetra Technologies, Inc. has a fifty-two week low of $2.03 and a fifty-two week high of $5.12. The firm has a market capitalization of $632.41 million, a PE ratio of 5.52 and a beta of 1.33.

Tetra Technologies (NYSE:TTI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The oil and gas company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Tetra Technologies had a return on equity of 14.10% and a net margin of 18.95%.The company had revenue of $173.87 million during the quarter, compared to the consensus estimate of $172.46 million. Tetra Technologies has set its FY 2025 guidance at EPS. Analysts anticipate that Tetra Technologies, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Tetra Technologies from $6.00 to $6.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen raised Tetra Technologies from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, D. Boral Capital boosted their price objective on Tetra Technologies from $4.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $5.75.

About Tetra Technologies

TETRA Technologies, Inc, together with its subsidiaries, operates as an energy services and solutions company. It operates through two segments, Completion Fluids & Products Division and Water & Flowback Services. The Completion Fluids & Products segment manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, as well as in Latin America, Europe, Asia, the Middle East, and Africa.